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Teladan Prima Agro (TLDN) Got Net Profits up to Rp 393,91 Billion by September 2024: Escalated 68,2%



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Teladan Prima Agro (TLDN) Got Net Profits up to Rp 393,91 Billion by September 2024: Escalated 68,2%

InfoSAWIT, JAKARTA - PT Teladan Prima Agro Tbk (TLDN) successfully realized the positive performance by getting net profits up to Rp 393,91 billion in January to September 2024. It increased 68,2% year on year (yoy) to the same period last year. This success happened from the increasing average of crude palm oil (CPO) and palm kernel (PK), and the efficient production cost in the company.

By the late September 2024, CPO average selling price was Rp 11.755 per kilogram, while PK was Rp 6.046 per kilogram. These got increased 6,7% and 38,3% to the average selling price in the same period last year. Though the selling volume got decreased 8,4% in CPO and 25% in PK – the increasing selling price balanced the decreasing volume and the net profits remained increasing significantly.

Director of TLDN, Wishnu Wardhana said that even though the selling volume got decreased, the company got earnings before interest, tax, depreciation and amortization (EBITDA) up to Rp 766,27 billion. "EBITDA and net profits got increased 29,1% and 68,2% for each, compared to the same period last year,” Wishnu said in the official statement as InfoSAWIT quoted, Thursday (31/10/2024).

The sale in the first nine months reached Rp 2,05 trillion or got decreased 8,6% from Rp 2,24 trillioin in the same period in 2023. The decreasing sale costs that equal to Rp 192,7 billion, mostly happened for the field operational efficiency including the costs of production and value control to CPO and PK supply as same as the decreasing selling volume.

The management of TLDN thought the efficiency would be the strategic one to maintain the competition and maintain the positive financial performance even there was selling volume fluctuation. (T2)


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